Yum brands names new CEO of China division

0 Comment(s)Print E-mail CRI, August 20, 2015
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Yum Brands, the parent company of KFC and Pizza Hut, has appointed a new CEO to its China division.

60-year-old Micky Pant will replace retiring Sam Su as the new CEO of Yum's China division.

Pant has served as the CEO of KFC since the beginning of last year.

Yum Brands has more than 68-hundred outlets in China.

But its business has been damaged by bad publicity connected to a food scandal involving a former supplier a year ago.

In the second quarter, Yum's revenues from China fell by 4 percent to about 1.6 billion U.S. dollars.

Sales in its China division restaurants open for at least a year, a key metric of a retailer's health, slid 10 percent in the quarter.

That is the fourth straight quarter of double-digit declines.

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